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Obama calls for shared sacrifice in auto bailout
Fri, 16 Jan 2009President-elect Barack Obama says he wants to keep tough conditions on automakers that get federal loans. The companies must develop sustainable business models because it would be unacceptable "to keep them on their lifeline through taxpayer dollars in perpetuity," Obama told The Washington Post. Obama said industry restructuring will require "everybody, from labor to management to creditors to shareholders, giving something up." His comments contradict suggestions that the new administration will relax federal loan agreements reached last month with General Motors and Chrysler LLC, possibly with softer demands on the UAW.
Fiat UK launches design competition
Thu, 24 Jul 2008Fiat Group Automobiles UK, has announced a nationwide design competition to find fun new ways to travel. The competition starts today. The contest, called the ‘Smiles per Hour Design Competition', is a UK-wide search for budding inventors of tomorrow to create interesting and amusing ways to enjoy a journey.
Tesla Model S outsells Mercedes & BMW say CNN. Rubbish.
Tue, 14 May 2013We don’t have much time for the push to make the electric car a replacement for the ICE car. But we do applaud – and covet – the Tesla Model S for its technical ability and performance. And its tax breaks.